Review the Robinhood Gold Agreement for more details. If you invest on margin, you’ll pay a variable margin rate based on your settled margin balance. The interest rate will apply to margin that you use over $1,000 since your first $1,000 of margin used is included in Gold. Your ...
Additionally, there is a service called “Robinhood Gold” that provides traders with leverage. Leverage allows traders to control a larger position using a smaller portion of their own capital. To provide context on Robinhood margin rates, the broker applies a standard margin interest rate of 12...
Robinhood Gold benefits breakdown: –4.5% APY on Uninvested Cash:Robinhood Gold lets you earn 4.5% interest on cash sitting in your brokerage account. To cover the $6.99 monthly fee, you’d need to keep around $1,667 in uninvested cash. (Keep in mind that interest rates change.) ...
Robinhood’s platform has received focus in other areas, as well. Cash management enhancements such as providing a higher interest rate on uninvested cash for its premium Gold members, as well as a cash card product, have helped to round out the platform and draw in more clients. As recentl...
Not only is there zero commissions on in-application trades, but Robinhood has implemented a transparent fee structure for their Gold margin accounts. While many exchanges charge a confusing annual interest rate, Robinhood uses a monthly fee based on the amount of equity you borrow. For example,...
If you’re subscribed to Gold, we’ll calculate daily interest as follows: $3,000 settled margin $1,000 included, leaving $2,000 subject to interest $2,000 * (5.75% / 360) = $0.32 per day We’ll charge the margin interest to your investing account every 30 days at the end of yo...
Robinhood traders may earn a competitive rate of interest on uninvested funds. The APY is 5% for Robinhood Gold Members and 1.5% for non-Gold members. Traders who opt-in for cash management are eligible for: A customizable debit card
Robinhood Financial LLC, 3200 Ash Street Palo Alto, California 94306 United States Pros and Cons Pros Commission-free trades on stocks, funds, options Deep dive company reports and analysis with Robinhood Gold Next-level cryptocurrency platform (also commission-free) ...
Robinhood’s margin rate is 6.75% up to $50,000, dropping to 6% over $1 million.16Gold subscribers get $1,000 in margin at no interest as part of the $5 per month subscription, which also unlocks a higher rate of interest on uninvested cash.17E*TRADE’s margin rates are much highe...
For more information, review the Robinhood Gold User Agreement. The cash sweep program is an added feature to your Robinhood Financial LLC individual investing account. Interest is earned on uninvested cash swept from your individual investing account to the program banks. Program banks pay interest...